Section 13(3) of the Federal Reserve Act

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Section 13(3) of the Federal Reserve Act is a U.S. law provision that authorizes the Federal Reserve to extend emergency lending to nonbank institutions and markets under “unusual and exigent” circumstances.

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Primary Dealer Credit Facility legalAuthority Section 13(3) of the Federal Reserve Act
Term Auction Facility legalAuthority Section 10B of the Federal Reserve Act
subject linked to: Term Auction Facility (TAF)
linked to: Section 13(3) of the Federal Reserve Act